China approves Hyundai Heavy's merger with DSME!

China’s State Administration for Market Regulation has reached a consensus that the potential merger will not hurt fair market competition and issued unconditional approval for the merger.

It is the third approval the yards have received after anti-trust agencies in Kazakhstan and Singapore gave the go ahead for the takeover.

HHI entered into a deal to purchase a 55.72% stake in DSME last year. The merger would create one of the world’s largest shipbuilders.

Currently the merger is still under review by the antitrust regulator of European Union.

Source: Splash247 (Click for further of the article)